Why can't you say it 'sounds lossless'? 'Sounding lossless' and 'being lossless' aren't the same thing but they both still exist. Thanks to improving encoding technology and CPU power we have robust, compressions that while mathematically lossy they are able to retain their quality similar to uncompressed codecs for practical purposes. So why not make a distinction for this kind of codec? There is uncompressed, lossy that looks and acts like uncompressed in all but extreme uses, and lossy that looks and acts lossy. You say weasel word, I say a distinction that makes my life a little easier when trying to develop post production workflows.Just as Analog kid and others pointed out, it most definitely IS a weasel word. "Lossless" should NEVER be used when a codec is not mathematically lossless. Just because I could rip a CD track into a 1024kbps AAC file and not be able to ever tell the difference even If I encode it a 1000 times doesn't mean I can say it "sounds lossless". If it throws away any amount of information, then it's a LOSSY codec.
And if we really want to get picky every recorded image is compressed from the start because nothing can record an infinite amount of information.
Lethal